First National Realty Partners Acquires The Village at Pittsburgh Mills, a 149,628 SF Aldi-Anchored Shopping Center in Tarentum, PA

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Dec 16, 2021, 17:08 ET

RED BANK, N.J., Dec. 16, 2021 /PRNewswire/ -- First National Realty Partners (FNRP) is pleased to announce the acquisition of The Village at Pittsburgh Mills, a grocery-anchored shopping center located at 1005 Village Center Drive, Tarentum, PA. Village at Pittsburgh Mills is a 149,628 SF shopping center that is 93% occupied and anchored by an 18,448 square foot Aldi Supermarket. The property is located 16.8 miles east of downtown Pittsburgh and adds to FNRP's rapidly growing portfolio of premier real estate assets throughout the United States.

"We are pleased to acquire The Village at Pittsburgh Mills and expand our footprint in the Pittsburgh market", said Matt Annibale, Senior Director of Acquisitions at First National Realty Partners. "Aldi is joined at the center by a strong lineup of junior anchors, including Ross, Michaels, and PetSmart who all help drive traffic to the center". In addition to the anchors, the center also features many other internet-resistant, daily needs tenants.

The seller was represented by Ryan Sciullo of CBRE.

First National Realty Partners, LLC (FNRP) is a leading vertically integrated real estate investment firm focused on acquiring institutional-quality commercial real estate throughout the United States. The firm is an active, opportunistic, and value-add investment firm that is equipped to operate in all facets of the real estate acquisition process as an investor, developer, and asset manager of commercial real estate. FNRP enhances the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for its investors.

Contact Information
Sam Perrelli, Investor Relations
[email protected]
First National Realty Partners
125 Half Mile Road Suite 207
Red Bank, New Jersey 07701
800-605-4966
https://fnrpusa.com/property/vpm

Matt Annibale, Senior Director of Acquisitions
[email protected]
First National Realty Partners
125 Half Mile Road Suite 207
Red Bank, New Jersey 07701
732-696-1201
https://fnrpusa.com/property/vpm

SOURCE First National Realty Partners, LLC